EU energy chief tells Iran: we'll stick with nuclear deal if you do

The European Union's energy chief sought to reassure Iran yesterday that the bloc remained committed to salvaging a nuclear deal with Tehran despite Donald Trump's decision to exit the accord and reimpose sanctions.

The European Union's energy chief sought to reassure Iran yesterday that the bloc remained committed to salvaging a nuclear deal with Tehran despite Donald Trump's decision to exit the accord and reimpose sanctions.

Miguel Arias Canete delivered the message on a visit to Tehran and also said the 28-nation EU, once the biggest importer of Iranian oil, hoped to strengthen trade with Iran.

"We have sent a message to our Iranian friends that as long as they are sticking to the [nuclear] agreement the Europeans will... fulfil their commitment. And they said the same thing on the other side," Arias Canete, European Commissioner for energy and climate, told reporters after talks with Iran's nuclear chief Ali Akbar Salehi.

Salehi said it would be disastrous if EU efforts failed to preserve the 2015 deal, in which Tehran agreed to curb its nuclear work in return for the lifting of most Western sanctions. He said the ball was in the EU leaders' court. "We hope their efforts materialise," Salehi said

Since Trump's announcement of the US exit on May 8, EU leaders have pledged to try to keep Iran's oil trade and investment flowing but admitted that will not be easy to do.

Britain, France and Germany back the deal as the best way of stopping Tehran getting nuclear weapons, but have called on Iran to limit its regional influence and curb the missile programme.

"The EU's adopted mechanisms ... should be enforced by August 8, when US sanctions begin to take effect," Iranian TV quoted Behrouz Kamalvandi, spokesman for Iran's Atomic Energy Organisation, as saying.

A collapse of the accord could tip the balance of power in Iran's faction-ridden political establishment in favour of President Hassan Rouhani's hardline rivals, who have fiercely criticised the president's failure to deliver greater economic prosperity.

Salehi said Iran had several options, including resuming its 20 pc uranium enrichment, if the European countries failed to keep the pact alive. He said the EU had only a few weeks to deliver on its promises.

"If the other side keeps itself committed to its promises we also will. ...We hope the situation will not arise to the point that we will have to go back to the worst option," Salehi told reporters in English.

"There are all kind of possibilities, we can ... start the 20pc enrichment."

Under the 2015 deal, Iran's level of enrichment must remain at around 3.6pc. Iran stopped producing 20pc enriched uranium and gave up the majority of its stockpile as part of the agreement.

Uranium refined to 20pc fissile purity is well beyond the 5pc normally required to fuel civilian nuclear power plants, although still well short of the highly enriched, or 80pc to 90pc, purity needed for a nuclear bomb. EU sources say Iranian government officials have warned they are under pressure from those who say Iran has traded away its nuclear sovereignty without reaping any economic benefits.

Iran has struggled to cash in on the accord, partly because remaining unilateral US sanctions have deterred major Western investors from doing business with Tehran.

Rouhani has tried to assure ordinary Iranians, frustrated by high unemployment and stagnant living standards, that Trump's decision would have no impact on Iran's oil-reliant economy.

"Unfortunately because of the negative interferences of the US, we were not able to reap the fruits of the JCPOA (Joint Comprehensive Plan of Actions) we expected," Salehi said. "Public opinion is not as supportive as it was before and if the other side does not deliver... we will keep losing the support of our people for the JCPOA."

Iran's clerical rulers fear a revival of January's anti-government protests that underlined the establishment's vulnerability to popular anger fuelled by economic hardship.